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I think you need to go back to rereading posts around the fall, 2016.Originally posted by Unregistered View Post
Michael Moore: "Unfortunately, you are living in a bubble that comes with an adjoining echo chamber where you and your friends are convinced the American people are not going to elect Trump for president. "
"I know a lot of people in Michigan that are planning to vote for Trump. They don't necessarily like him that much and they don't necessarily agree with him. They're not racists and rednecks, they're actually a pretty decent people."
"Donald Trump came to the Detroit Economic Club and stood there in front of the Ford Motor executives and said if you close these factories as you're planning to do in Detroit and planning to build them in Mexico, I'm gonna put a 35 percent tariff on those cars when you send them back and nobody's gonna buy them. It was an amazing thing to see, no politician Republican or Democrat had ever said anything like that to these executives and it was music to the ears of people in Michigan and Ohio and Pennsylvania and Wisconsin."
"Whether Trump means it or not is kind of irrelevant because he's saying the things to people who are hurting. And it's why every beaten-down nameless forgotten working-stiff who used to be part of what was called the middle-class loves Trump. He is the human Molotov-cocktail that they've been waiting for. The human hand-grenade that they can legally throw into the system that stole their lives from them..... Trump's election is going to be the biggest 'f--k you' ever recorded in human history. And it will feel good."Comment
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It’s been nearly four months since the Tax Cuts and Jobs Act became law, and the good times continue to roll for shareholders and company executives. Corporate profitability is well on its way to hitting decade-long highs, and CEO pay, coming off of a record year in 2017, will be the cause of much champagne-popping. But if the new tax bill, which showered corporate America with an estimated $68 billion in savings, has been a party for Wall Street, folks on Main Street—the supposed primary beneficiaries of the tax-cutting bonanza, as Republicans told it—have yet to receive their invitations.
A new online database launched by Americans for Tax Fairness (ATF), a broad coalition of more than 400 groups championing progressive tax reform, tracks how corporations have responded to the new law. The ATF website, entitled “Trump Tax Cut Truths,” contains information on more than 800 companies, including the amount of tax savings those companies received along with details on planned bonuses, pay raises, and stock buybacks. The information is sourced from news articles, press releases, public corporate filings, independent analysis, and ATF research.
The data make clear that the rosy picture of the tax plan painted by congressional Republicans and the White House bears little resemblance to its actual effects.
4 percent of workers have received one-time bonuses, while approximately 1 percent of workers have received a raise at all, according to the ATF database.
President Trump promised that corporate tax cuts would bring a $4,000 pay raise to the average American worker. So far, however, only about 4 percent of workers have received one-time bonuses, while approximately 1 percent of workers have received a raise at all, according to the ATF database.
Many of those seemingly generous bonuses deflate under close inspection. Companies like Walmart, Lowes, and Home Depot tied the size of bonuses to their employees’ tenure, effectively limiting the bonuses to a small number of their workers. Notoriously, Disney dangled the prospect of bonuses to their employees, only to yank them back to use as leverage in union negotiations over higher wages.
This stinginess towards workers has left plenty of tax windfall still to be accounted for. Of the estimated $60.8 billion in tax cuts received by 126 companies, only $6.5 billion has gone toward pay raises and one-time bonuses (that may not be paid in full anyway). So where have the tax cut gains gone?
Not surprisingly, to stock buybacks. Through the process of repurchasing their own stocks, corporate executives can enrich shareholders and, plushly, feather their own nests (since CEO pay is often linked to increases in the value of the company’s shares). The practice, which has overtaken paying dividends as corporate America’s favorite way of dishing out profit, has gone into high gear thanks to the GOP tax law. Authorizations for stock buybacks have increased by $238 billion since the tax law was passed, and they don’t look to be stopping. JPMorgan Chase strategists estimated in March that share repurchase totals were on pace to reach a record $800 billion in 2018, up from $530 billion last year.
Corporations have spent 37 times more on stock buybacks than they’ve spent on bonuses and wages, according to ATF—and that number is just from the companies whose data is available.
Corporations have spent 37 times more on stock buybacks than they’ve spent on bonuses and wages, according to ATF—and that number is just from the companies whose data is available. Multiple unions have filed formal information requests with companies that have largely kept employees and the public in the dark over their plans for their tax savings, to little success.
Workers interested in what a real raise looks like only need to tilt their heads way back: CEO pay is up. According a report released Wednesday by board and executive compensation research firm Equilar, CEO pay is now at its highest level since 2007, just before the financial crash. Many of those CEOs received hefty pay bumps and bonuses despite middling performance. The practice of boosting profitability through stock repurchasing has further severed the link between executive performance and executive pay.
http://prospect.org/article/waiting-...ose-wage-hikesComment
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More desperate Democrat propaganda.Originally posted by Unregistered View Post
People are working and wages are going up. That's all voter will care about.
Simple as that.Comment
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Like I said... the majority of voters did not fall for the obvious con man.Originally posted by Unregistered View PostComment
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Investors discount tariff threats as U.S. economy surges under TrumpOriginally posted by Unregistered View Post
http://www.philly.com/philly/blogs/i...-20180601.htmlComment
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Atlanta Fed Raises 2nd Quarter Estimate for GDP Growth to 4.8%
https://www.frbatlanta.org/cqer/research/gdpnow.aspxComment
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President Trump promised that corporate tax cuts would bring a $4,000 pay raise to the average American worker. So far, however, only about 4 percent of workers have received one-time bonuses, while approximately 1 percent of workers have received a raise at all, according to the ATF database.Comment
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For Europe, an Unpleasant Question: Confront Trump or Avoid a Costly Trade WarOriginally posted by Unregistered View Post
Though European leaders project unified resolve in confronting what they portray as American bullying that breaches the rules of global trade, they have not proved adept at setting aside national differences in pursuit of common aims.
And Europe at the moment appears especially divided and internally conflicted.
https://www.nytimes.com/2018/06/01/b...trade-war.htmlComment
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And Obama promised American families would save $2500/year on healthcare.Originally posted by Unregistered View Post
My bet is Trump's promise will be closer to fact.Comment
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I hate to tell you this, but Moore is predicting Trump's reelection and unless Democrats can put up a candidate with a clear message on the economy he might be just right.Originally posted by Unregistered View Post
"It's the economy, stupid."Comment
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Helloooooo.Originally posted by Unregistered View Post
Read the Bloomberg piece on wage growth. It's just starting to happen.Comment
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In selling you their trickle-down tax plan, President Trump and congressional Republicans promised you a $4,000 pay raise.
"This change, along with a lower business tax rate, would likely give the typical American household around a $4,000 pay raise," Trump said in October.
“At least $4,000,” House Speaker Paul Ryan emphasized in a post on his official website.
So now that rich people like me have gotten our billions of dollars in tax cuts, you might be wondering where your $4,000 raise is.
Spoiler alert: You’re not getting one.
https://www.usatoday.com/story/opini...umn/471188002/Comment
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You really like to bet.Originally posted by Unregistered View Post
I bet you’re a regular patron of Trump Taj Mahal.
Oh wait...Comment
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